Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 74.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 422,745 shares of the pipeline company's stock after selling 1,220,075 shares during the period. Marshall Wace LLP's holdings in Kinder Morgan were worth $11,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after buying an additional 1,252,609 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Bank of New York Mellon Corp boosted its holdings in shares of Kinder Morgan by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock valued at $376,332,000 after acquiring an additional 1,093,242 shares during the period. Finally, Amundi increased its holdings in shares of Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after acquiring an additional 2,650,040 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,506,116. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMI. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Scotiabank boosted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday. Finally, Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.05 during midday trading on Wednesday, reaching $26.65. 19,539,838 shares of the company traded hands, compared to its average volume of 13,964,131. The firm has a market cap of $59.22 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm's 50 day simple moving average is $26.94 and its two-hundred day simple moving average is $26.97. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.